Adage Capital Partners GP L.L.C. Buys New Shares in Aon plc (NYSE:AON)

Adage Capital Partners GP L.L.C. acquired a new stake in Aon plc (NYSE:AON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 92,069 shares of the financial services provider's stock, valued at approximately $33,068,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew its holdings in AON by 2,025.0% in the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC bought a new position in AON in the fourth quarter worth approximately $32,000. Anchor Investment Management LLC boosted its stake in AON by 1,162.5% during the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new position in AON during the fourth quarter valued at about $39,000. 86.14% of the stock is owned by institutional investors.

AON Trading Up 0.1 %

Shares of AON stock traded up $0.39 on Wednesday, hitting $350.29. The stock had a trading volume of 362,713 shares, compared to its average volume of 1,241,249. The stock's 50-day simple moving average is $384.64 and its two-hundred day simple moving average is $375.65. Aon plc has a one year low of $275.07 and a one year high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The stock has a market cap of $75.66 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 16.91% and a return on equity of 70.84%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the previous year, the company earned $5.66 EPS. The company's revenue for the quarter was up 16.2% on a year-over-year basis. As a group, sell-side analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.745 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.85%. This is a boost from AON's previous quarterly dividend of $0.68. AON's dividend payout ratio (DPR) is currently 25.38%.

Wall Street Analyst Weigh In

AON has been the topic of a number of research reports. Redburn Partners set a $445.00 price target on shares of AON in a report on Tuesday, March 25th. Piper Sandler raised AON from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $384.00 to $378.00 in a report on Monday. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods raised their price target on shares of AON from $411.00 to $414.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Evercore ISI decreased their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, AON presently has a consensus rating of "Hold" and a consensus price target of $391.00.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.